|   1.        | Upon execution of this letter      agreement, EGC shall make one or more advances to Borrower in the      aggregate amount of $500,000.00, which amount shall become part of the      Obligations. Borrower hereby acknowledges that the first $200,000.000 was      wired to Borrower on February 22,      2008. |
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|   2.        | The      Fuel Purchase Loan will be identified on EGC's books as a separate loan      and Interest on the Overadvance shall be charged at the      Accounts Interest Rate specified in Section 3.1 of the Loan Agreement. The      interest associated with this Overadvance shall be in addition to the      Minimum Monthly Interest Charge and shall not be considered when      determining if the Minimum Monthly Interest Charge is      applicable. |
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|   3.        | Borrower      agrees to repay the Fuel Purchase Loan, and hereby authorizes EGC to      reduce the Fuel Purchase Loan by applying the following amounts from      Borrower's availability under the Loan Agreement: (a) commencing March 1,      2008 and continuing through March 31, 2008, EGC shall apply      $2,500.00/business day to reduce the Fuel Purchase Loan; (b)      from April 1 through April 30, 2008, EGC shall apply      $5,000.00/business day to reduce the Fuel Purchase Loan; (c) from May 1      through May 31, 2008, EGC shall apply $7,500.00/business day to reduce the      Fuel Purchase Loan; and (d) from June 1, 2008 until the Fuel Purchase Loan      is paid in full, EGC shall apply $10,000.00/business day to reduce the      Fuel Purchase Loan. Notwithstanding the foregoing, the outstanding amount      of the Fuel Purchase Loan shall be immediately due and payable upon (x)      the occurrence and continuation of an Event of Default under the Loan      Agreement; or (y) termination of the Loan , Agreement, whether by default,      acceleration or otherwise. |
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| 4.   | In      consideration of making the Fuel Purchase Loan, EGC shall be entitled to      participate in the revenue stream generated from Borrower's fuel purchases      and sales during the term the Fuel Purchase Loan remains outstanding (the      "Revenue Share").      EGC's Revenue Share shall be four ($.04) cents per gallon,      calculated by Borrower, based on Borrower's fuel purchases during each      week, commencing February 22, 2008, purchased with the proceeds of the      Fuel Purchase Loan, on a revolving basis. Borrower agrees that during the      first 7 weeks, EGC's Revenue Share shall be the greater of the actual      amount earned or $5,000.00/week.. After the first 7 weeks, the Revenue      Share shall be payable on the actual purchases made with the proceeds of      the Fuel Purchase Loan, on a revolving basis. Borrower will be required to      deliver to EGC, each Friday, a fuel purchase and sale report for the      immediate preceding week (Wednesday through Tuesday), together with a      check in the amount of EGC's Revenue Share for the week. In the event      Borrower fails to deliver EGC's Revenue Share, EGC may automatically      charge Borrower's account for EEC's portion of the Revenue Share, based      upon estimated or actual amounts, as reported by  Borrower. |
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| 5.   | In      addition to the foregoing, Borrower agrees that EGC may charge an internal      transfer fee of $waived      per transfer associated with the payments of the Fuel Purchase Loan      and Borrower shall also remit to EGC a $waived documentation      fee in consideration of EGC documenting this  accommodation. |
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|                                                                                                                                                                                                                                                                             | Very truly      yours,                                                                                                                                                                                                                                   |
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|                                                                                                                                                                                                                                                                             | ENTREPRENEUR GROWTH      CAPITAL                                                                                                                                                                                                                         |
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|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                             | By:         /s/ Charles      Bert                               |
|                                                                                                                                                                                                                                                                             | Name:  Charles      Bert                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                             | Title:         Vice President                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
| CONSENTED      AND AGREED TO this___ day      of February 2008                                                                                                                                                                                                              |                                                                                                                                                                                                                                                          |
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| ABLE ENERGY,      INC.                                                                                                                                                                                                                                                      | ABLE OIL      COMPANY                                                                                                                                                                                                                               |
| a Delaware      Corporation                                                                                                                                                                                                                                                 | a New Jersey      Corporation                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
| By:         /s/ Gregory      Frost                                  | By:        /s/ Christopher      Westad                                                                            |
| Name:        Gregory Frost                                                                                                                                                                                                                                        | Name:       Christopher Westad                                                                                                                                                                                                                           |
| Title:          Chief Executive Officer                                                                                                                                                                                                                      | Title:         President                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
| ABLE ENERGY NEW      YORK, INC.                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                          |
| a New York      Corporation                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
| By:        /s/ Christopher      Westad                                                                                          |                                                                                                                                                                                                                                                          |
| Name:       Christopher Westad                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                          |
| Title:         President                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
| ABLE PROPANE,LLC                                                                                                                                                                                                                                                            | ABLE ENERGY      TERMINAL, LLC                                                                                                                                                                                                                           |
| a New Jersey limited      liability company                                                                                                                                                                                                                                 | a New Jersey limited      liability company                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
| By:           Able Energy, Inc.                                                                                                                                                                                                                    | By:           Able Energy, Inc.                                                                                                                                                                                                 |
| Its:           Sole Member and Manager                                                                                                                                                                                                             | Its:           Sole Member and Manager                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                          |
| By:        /s/ Christopher      Westad                                                                                          | By:        /s/ Christopher      Westad                                                                  |
| Name:       Christopher Westad                                                                                                                                                                                                                                         | Name:       Christopher Westad                                                                                                                                                                                                                      |
| Title:         President                                                                                                                                                                                                                                     | Title:         President                                                                                                                                                                                                                  |